Words Required: 1000 TOPIC: “Entrepreneurship: It holds a dominant position in t
ID: 412829 • Letter: W
Question
Words Required: 1000
TOPIC: “Entrepreneurship: It holds a dominant position in the society".
Develop this argument with appropriate evidences, quotations and logical sequences.
NOTE:
1. The Assignment should be developed in a research supported paper that uses three (3) sources to back and expand the essay.
2. Your sources must be credible, legitimate sources for college writing – no Wikipedia, ask.com, about.com, or the like.
3. The sources should supplement the essay, not direct it. The usage of source material should be restricted to 25%.
Explanation / Answer
Entrepreneurship is important in the society. It helps to provide huge number of people with employment. There more opportunities provided from the time Entrepreneurship started to establish itself. It created around 34 million fresh employment opportunities during 1980.
It helps to provide better opportunities to the people and becomes an important part of the economy. It contributes positively to research and development. The maximum innovations are all thanks to Entrepreneurship. It provides an important option for getting things done. Wealth is created through increased business opportunities triggered by Entrepreneurship.
It creates effective wealth for r individuals and nations. It plays an important role for developing the nation. There is increased scope of opportunity and growth received by individuals in the society.
According to Schumpeter Entrepreneurship places importance on new products, method of new production, new markets and forms of organization. There is wealth and value created because of the entrepreneurial ventures. There is high amount of wealth created and successful generation of profit. Innovation helps not only businesses but also society. It results in financial gain and contributed effectively to research and development system. It helps to create wealth for the nation and provides self sufficiency.
It provides self sufficiency and excellent standards of living for the employees by raising the opportunities. It helps to provide better place to live in for individuals.
Entrepreneurship plays an important part in creation of knowledge. It becomes an important driver of innovation and technical change (Galbraith 1967).
Williamson (1968)
and Chandler (1977) states that Entrepreneurship serves as an important vehicle of innovation.
It has contributed to the development of corporations and expanded the economies of scale since the time of industrialization (Joseph Schumpeter 1942).
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